UK Commercial Property Data Response Colliers/Real Estate Capital Pricing Survey The latest Colliers/Real Estate Capital survey seems to confirm that strong investor interest is supporting the value of prime property relatively well, with poorer quality stock bearing the brunt of... 26th July 2012 · 1 min read
Europe Commercial Property Focus How will European retail rental values weather a fresh recession? Over the next couple of years, the response of Western European retail rental values to weak consumer spending is likely to be muted, in other words more similar to the experience of 2008/9 than to... 24th July 2012 · 1 min read
UK Commercial Property Data Response UK Commercial Property Data Response The latest RICS data suggest that, over the next six to nine months, developers anticipate the commercial property occupier market staying pretty flat. That is not unreasonable, but given that the... 20th July 2012 · 1 min read
Europe Commercial Property Update Is the office development pipeline still a risk to the Paris rental outlook? The latest indicators from the Paris office market suggest that occupier demand is softening while development activity is picking up. Accordingly, our concern that the city will face a supply... 19th July 2012 · 1 min read
Europe Commercial Property Update Despite safe-haven status, Swiss property yields likely to rise We think that the safe-haven status of Switzerland’s commercial property market has allowed Swiss all-property yields to fall to very low levels. But now they look stretched and vulnerable to a... 18th July 2012 · 1 min read
UK Commercial Property Update H1 is done and capital values on track for full-year decline of 6% In the first six months of 2012, all-property rental values have been surprisingly resilient to renewed recession, but the upward trend in yields that we had expected has become reality. On top of the... 17th July 2012 · 1 min read
Europe Commercial Property Update Fall in Bund yields does not change weak property price outlook The sharp fall in 10-year German Bund yields since the end of Q1 has pushed all-property/Bund yield spreads in the euro-zone to new highs. Clearly, property yields now incorporate some allowances for... 12th July 2012 · 1 min read
UK Commercial Property Focus Are all forecasters too bearish about industrial rents? Despite a recent improvement in some near-term demand indicators, even the most optimistic forecaster in the consensus only expects nominal industrial rents to be 1% higher at end-2013 than they are... 12th July 2012 · 1 min read
Europe Commercial Property Update Investment case for Italian retail has weakened further Early last year, we argued that the investment case for the Italian retail market was weak. If anything, the situation has worsened since then. Indeed, a negative outlook for rents, coupled with... 11th July 2012 · 1 min read
UK Commercial Property Update Do commercial property yields have further to rise? Simple calculations suggest that the rate of future rental growth implied by prevailing property yields is too low, or, in other words, that yields themselves may already have risen far enough. But... 10th July 2012 · 1 min read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q2) Today’s RICS survey showed that the apparent, slight improvement in commercial property occupier market conditions in Q1 did not last in Q2. Given the weak economic backdrop, this was little surprise... 5th July 2012 · 1 min read
Europe Commercial Property Update Is Poland a “core” property market? One of the key messages from JLL’s 2012 Global Real Estate Transparency Index was that CEE markets – especially Poland – have become more transparent relative to Western Europe. But we think that... 4th July 2012 · 1 min read
Europe Commercial Property Update Most European office markets to suffer drop in take-up Our recent finding that the investment component of the German national accounts data is related to office take-up volumes seems also to apply in most other European office markets. Accordingly, our... 2nd July 2012 · 1 min read
UK Commercial Property Update Further evidence that London office rents will rise this year A composite indicator that aggregates up a range of individual balances from the CBI/PwC Financial Services survey points to continued, albeit modest growth in Central London office rents in H2. This... 29th June 2012 · 1 min read
Europe Commercial Property Update EC survey suggests euro-zone office rental value forecasts on track The latest snapshot of business and consumer confidence across Europe suggests that conditions in euro-zone occupier markets have deteriorated during the second quarter. However, in the short-term... 28th June 2012 · 1 min read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2) The availability of credit in both the residential and commercial property markets fell in Q2. And because of tight wholesale funding conditions, surely related to problems in the euro-zone, lenders... 28th June 2012 · 1 min read
